Commentary The proposals of the European Union and the United States to implement a complete energy embargo on Russia must consider the reality: Asia is importing all that Russia can offer. China, India, and the main Asian economies will send Russian exports to a decade high, according to the Financial Times. In fact, Russia’s trade account surplus was expected to reach $28 billion in March, an all-time high, according to Reuters. That doesn’t mean that sanctions don’t work. Estimates of Russia’s GDP fall between 10 and 15 percent for 2022 and inflation is close to 20 percent, according to Business Insider. However, the European Union and the United States must note that the sanctions will likely fade away, as Asian countries are purchasing all available Russian production at significant discounts. The European Union, the United Kingdom, and the United States must not make the mistake of thinking that they can …
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